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How to Start a Business in Rensselaer

You want to start your own business, but don't know were to start?

STEP 1 Brainstorm for Business Ideas
Most entrepreneurs want to just start a business but don't know what business.
For the starting business, here is a list of ideas

Start a business from scratch

Buy a Business

Buy a Franchise

STEP 2 Get a Business Plan
Writing a business plan helps others will evaluate your Rensselaer business. When seeking looking for investors or lenders will want to read your plan before funding.

A written guide to starting and running your Rensselaer business successfully is essential. This plan will encourage loans, promote growth, and provide a map for you to follow.

Strategic Planning
Learn to strategize in order for your business to succeed.

I take people's wedding gowns and make Christening gowns from them. I'm not selling anything. I'm supplying a service like alterations.Business legal requirements and tax rules require newmake Christening gowns sewing and alterations businesses to select a business entity such as a sole owner/proprietor, partnership, LLC or corporation. We recommend an LLC filing.Licensing: If you will not choose to be a corporation or LLC, you will need to register your business name with a DBA, especially if it is not your personal full legal name.
However, you will need to get a general business license - not a specific one to your type of business - regardless of which business entity you select. Selling/Leasing sewing and alterations products/food/equipment requires a sales tax ID ( Sellers Permit) to either buy or sell items or make Christening gowns products wholesale and or sell them retail.
Hiring workers within 30 days of starting your business requires a federal EIN and a State EIN ( employer identification number). You also need a federal tax ID if you are a partnership, an independent contractor, a corporation or an LLC.
You can also obtain a federal tax ID as a sewing and alterations sole proprietor an use it as a business tax ID in the place of a social security number but other registrations, such as licenses, an assumed business name DBA, and tax IDs still needed as described above. Finally, even make Christening gowns sole owner/proprietors working from home or just online can form an LLC or incorporate, in which case, they will not need to file a fictitious business name DBA.

Q: What is the most important license I need to get first?A: The most important license is a business license.Q:What is the first consideration when starting a business?A:First you need to choose your ownership structure. Q: Can I use someone elses licenses and tax ids as for example if I buy their business?A: If you buy a business you need to get a new business license - you cannot get their DBA to operate your busines because you need to file a DBA under your own name as the owner of the business and the company name. A:Q: Is a business plan a requirement?A: A business plan is not required to start a business.Q: What businesses must have an assumed business name?A: individuals and partnerhips and corporate entities that use a trade name different than their own corporate name.Q:I have filed my licenses already how do I get a copy from them? A:Click on copy and then submit your information and we will get you a copy of your business name registration certificate. Q: When does my trade firm name certificate DBA becomes active?A: Your business company name certicate will become active once it is issued.

STEP 3 Financing
All businesses require some form of financing. An integral component of starting a successful business is raising sufficient Funds. There are many challenges here, but numerous resources are available to help you. Here are some considerations

Start-Up Costs

Plan for the initial expenses your business will have.Estimating Costs
Learn to anticipate your initial business cost.

Breakeven Analysis
Know when your business breaks even and when you can expect a profit.

Financing Basics
How do you plan to finance your business? This is especially important for new enterprises.

Personal vs. Business Finances
You must know your personal finances and credit before starting out on your own.

STEP 4 Getting started in Rensselaer
Now you may think you are ready but here are some legal considerations.

First you should choose a legal structure:

When beginning a business, you must decide what form of business entity to establish. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a new business structure allowed by state statute.

Sole Proprietorships

Partnerships

Corporations

S Corporations

Limited Liability Company (LLC)

STEP 5 Starting to Market and Sell
Where are you going to run your business? Is it going to be home-based? or a commercial location? Hire and train employees to help you run the business. Get a
Rensselaer merchant account to accept credit cards and you are ready to go!

STEP 4

Businessnameusa registers,files and pays for filing fees
and also provides information and filing legal forms and ways to help you file documents or register your business as
self-help services and as ordered by you but is not affiliated with the federal,irs,state or local government agencies
nor a law firm or cpa firm. Businessnameusa is a private filing agency providing Business registration servicesbusiness licensetax idllcincorporationlocalfederalstatefederalsellers permit or resale licensedba filing These agencies may or may not charge you to file these documents but Businessnameusa charges a fee to help you register your business. Businessnameusa is not a law firm or a substitute for an attorney or law firm.
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